Electric utility regulation; recovery of certain generation facility costs, etc. (HB1059)
Introduced By
Del. Terry Kilgore (R-Gate City)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
✓ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Electric utilities; generation facility cost recovery. Limits the portion of the costs incurred by an investor-owned electric utility between July 1, 2007, and December 31, 2013, in developing a nuclear power facility or an offshore wind project that are recoverable through a rate adjustment clause to 30 percent of such amount. The remaining 70 percent of such costs will be recoverable only through existing base rates in the test periods under review in the utility's next biennial review filed after July 1, 2014. All of the costs incurred after December 31, 2013, will be recoverable through a rate adjustment clause as may be approved by the State Corporation Commission. The measure also amends a provision that currently states that nothing precludes the Commission from determining the reasonableness or prudence of any cost incurred or projected to be incurred by a utility. As revised, contradictory provisions that limit the Commission's ability to make such determinations will control. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/08/2014 | Committee |
01/08/2014 | Presented and ordered printed 14103508D |
01/08/2014 | Referred to Committee on Commerce and Labor |
01/14/2014 | Impact statement from SCC (HB1059) |
01/15/2014 | Assigned C & L sub: Special Subcommittee on Energy |
01/23/2014 | Impact statement from SCC (HB1059) |
01/30/2014 | Subcommittee recommends reporting with amendment(s) (10-Y 2-N) |
02/04/2014 | Reported from Commerce and Labor with substitute (18-Y 2-N) (see vote tally) |
02/04/2014 | Committee substitute printed 14104219D-H1 |
02/06/2014 | Read first time |
02/07/2014 | Passed by for the day |
02/10/2014 | Read second time |
02/10/2014 | Committee substitute agreed to 14104219D-H1 |
02/10/2014 | Amendments # 1-4 and 6-9 by Delegate Ware rejected |
02/10/2014 | Amendments # 5 and 10 by Delegate Ware rejected |
02/10/2014 | Engrossed by House - committee substitute HB1059H1 |
02/11/2014 | Read third time and passed House (73-Y 23-N 2-A) |
02/11/2014 | VOTE: PASSAGE (73-Y 23-N 2-A) (see vote tally) |
02/11/2014 | Reconsideration of passage agreed to by House |
02/11/2014 | Passed House (76-Y 20-N 3-A) |
02/11/2014 | VOTE: PASSAGE #2 (76-Y 20-N 3-A) (see vote tally) |
02/12/2014 | Constitutional reading dispensed |
02/12/2014 | Referred to Committee on Commerce and Labor |
02/17/2014 | Impact statement from SCC (HB1059H1) |
03/03/2014 | Continued to 2015 in Commerce and Labor (13-Y 0-N) (see vote tally) |
Comments
We do NOT need or want a third nuclear reactor at North Anna on the fault line!
NO to a third nuclear reactor at North Anna on the fault line!
Virginians want safe clean renewable energy sources.
We already have enough nuclear waste,that is toxic for thousands of years and with NO where for it to go.
We need to STOP making more of it and move away from nuclear energy!!!!
An article describing and exposing the true intent of this bill is at the online Richmond Times Dispatch, dated Sunday, Jan. 19, 2014. The author is Jeff Shapiro, and the headline reads: Jeff Shapiro: Biggest of the big boys throws its weight around - again
2/1/14 Proposed utility law could have big impact
http://www.timesdispatch.com/business/energy/proposed-utility-law-could-have-big-impact/article_cc13dfaf-dd41-5dc9-846b-880e3ab0547a.html
Looks like Dominion is covering all bases with this bill and SB 459 Electric utility regulation; recovery of nuclear refueling costs.
http://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+SB459